$3,990,000
Positioned along a key corridor in Lancaster City, this large-scale facility offers a rare, near turn-key opportunity for cold storage or food distribution users seeking to establish or expand operations in the Lancaster market. Existing tenant can vacate within several months for an owner user. Or for an investor owner, they can commit to an additional 3 years if desired, at a lease rate of $212,040 annually + triple net, plus 12,000 SF in the building remaining available with which to generate additional revenue.
The property also provides opportunity to users with very high power needs, with a combination of gas (UGI) & grid power (PPL) combining for 20 MW+ of capacity already in place, and ability to expand.
The location provides a number of unique opportunities. Being located in a tax advantaged "opportunity zone" allows for tax advantages for an incoming buyer.
And the location in the CRIZ district creates opportunities for a business starting new operations in Lancaster to take advantage of funding available for startup costs.
Originally purpose-built for freezer and food storage use, the property features existing racking in place and included in the lease, significantly reducing startup time and capital expense. The space requires installation of new cooling equipment to be brought back online. The original ammonia-based refrigeration system (circa 1996) remains in place but is not operational, allowing an incoming tenant flexibility to install a modern system tailored to current needs.
The primary ±32,625 SF building is configured as follows:
±19,840 SF of freezer space with 38-foot clear ceiling heights and racking in place. Previously supported 2,000 pallet positions at 28°F, plus 230 pallet positions at 0°F.
±8,785 SF of dry storage, shipping, and handling space.
±4,000 SF of office, restrooms, and cafeteria space, supporting on-site operations.
The facility is equipped with six loading docks, including one drive-in door, with dock doors measuring 11’ x 8’, allowing for efficient refrigerated logistics and truck circulation.
Additional highlights include:
19 dedicated parking spaces included, with additional spaces available at $50/month.
Existing office buildout and dedicated restrooms in place.
Located in a redeveloping area just minutes from downtown, this property provides functional cold storage infrastructure with expansion potential in a market experiencing continued industrial and logistics growth.
Ideal for cold storage operators, food distributors, or freezer users looking to re-enter service quickly without the delays and costs of ground-up construction. The property is also being offered for Lease. Don't miss the opportunity!
648 Manor St, Lancaster
Listing courtesy of Astoria Realty Advisors LLC. Contact: 7174256264